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The automated Quantcha Trade Ideas Service has detected a promising Covered Call trade opportunity for NOVOCURE LIMITED ORDINARY SHARES (NVCR) for the 15-Jun-2018 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

NVCR was recently trading at $20.49 and has an implied volatility of 68.44% for this period. Based on an analysis of the options available for NVCR expiring on 15-Jun-2018, there is a 68.27% likelihood that the underlying will close within the analyzed range of $13.13-$32.67 at expiration. In this scenario, the average linear return for the trade would be 10.83%.

Moneyness: These options are currently 9.89% out of the money and there is a 42.72% likelihood that these options will be exercised before or at expiration.

Most upside: If NOVOCURE LIMITED ORDINARY SHARES closes at or above $22.50, this trade could return up to 27.12%. Based on our analysis, there is a 42.78% likelihood of this return.

The downside: As with any covered call, the risk is substantial as it is vulnerable to a downturn in the underlying itself. There is a 36.53% chance the underlying will close at or below its breakeven price of $17.70, resulting in a net loss on the trade.